# FIN 419 HELP Success Secrets/fin419help.com

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FIN 419 Week 1 Individual Assignment Limited Liability Corporation and Partnership Paper (2 Papers)

FIN 419 Week 1 DQ 1

FIN 419 Week 1 DQ 2

FIN 419 Week 1 DQ 3

FIN 419 Week 1 DQ 4

FIN 419 Week 1 Individual Finance lab

FIN 419 Week 2 Individual Assignment Financial Outcomes Paper FIN 419 Week 2 DQ 1

FIN 419 Week 2 DQ 2

FIN 419 Week 2 DQ 3

FIN 419 Week 2 DQ 4

FIN 419 Week 2 Individual Finance lab Problems

FIN 419 Week 3 Learning Team Assignment Capital Valuation Paper

FIN 419 Week 3 Team Assignment Working Capital Strategies Paper and Presentation

FIN 419 Week 3 Individual Finance lab Problems

FIN 419 Week 3 DQ 1

FIN 419 Week 3 DQ 2

FIN 419 Week 4 Team Assignment Working Capital Strategies Paper

FIN 419 Week 4 Team Assignment Capital Structure Paper

FIN 419 Week 4 Team Assignment Problem Set (New)

FIN 419 Week 4 Individual Finance lab Problems

FIN 419 Week 4 DQ 1

FIN 419 Week 4 DQ 2

FIN 419 Week 4 DQ 3

FIN 419 Week 4 DQ 4

FIN 419 Week 5 Learning Team Assignment International Finance Paper (2 Papers)

FIN 419 Week 5 DQ 1

FIN 419 Week 5 DQ 2

FIN 419 Week 5 DQ 3

FIN 419 Week 5 DQ 4

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FIN 419 Final Exam Guide (New)

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1) Risk and probability Micro-pub, Inc., is considering the purchase of one of two microfilm cameras, R and S. Both should provide benefits over a10-year period, and each requires an initial investment of $4,000. Management has constructed the following table of elements of rates of return and possibilities for pessimistic, most likely, and optimistic results.

2) Capital asset princing model (CAPM) Use the capital asset princing model to find the required reurn.

3)a. What single investment made today, annual interest, will be worth $3,500 at the end of 10 years?

b. What is the present value is $3,500 to be received at the end of 10 years if the discount rate is 6%?

13) Degree of financial leverage North western Savings and Loan has a current capital structure consisting of $230,000 of 15% (annual interest) debt and 1,000 shares of common stock. The firm pays taxes at the rate of 30%.

14) Various Capital Structures Character Enterprises currently has $1.5 million in total assets and is totally equity financed. It is contemplating a change in its capital structure. Compute the amount of debt and equity that would be outstanding is the firm were to shift to each of the following debt ratios: 10%, 20%, 30%, 40%, 50%, 60%, and 90%.

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True/False (1point each)

14. Yong Importers, an Asian import company, is evaluating two mutually exclusive projects, A and B. The relevant cash flows for each project are given in the table below. The cost of capital for use in evaluating each of these equally risky projects is 10 percent.

Project A Project B

Initial Investment $350,000 $425,000

Year Cash Inflows (CF)

The NPVs of projects A and B are ________.

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What is a sensitivity analysis?

What is a scenario analysis?

How would you apply each one to a potential investment opportunity?

How would you use the information from this analysis? Explain.

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What is a limited liability corporation?

What is a limited liability partnership?

What are the differences?

What are the advantages and disadvantages of each?

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Based on your assessment of risk using portfolio Management, what factors would you use to make different risk preferences?

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What are some risk management techniques?

How would you use portfolio management to assess the risk and return of an investment?

Predict how the results would be different based on different risk preferences?

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FIN 419 Week 1 Individual Assignment Richardses’ Tree Farm Grows Up Case Study

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Review the “Richardses’ Tree Farm Grows Up — Mini Case” located in Chapter 1 of Financial Management: Core Concepts. Develop a 1,050-word analysis of the case study. Include the following: • Analyze whether the major financial management decisions of the Richards family involve capital budgeting, capital structure, and working capital management. • Explain whether the Richards family should form a regular corporation or choose one of the hybrid forms. • Explain how incorporating will affect the Richards family’s ability to transfer ownership to their children. • Justify Jake’s concerns with hiring professional management. • Analyze whether incorporating will affect the Richards family’s ability to give up a small amount of profit in exchange for protecting the environment. • Evaluate how Jake might obtain more equity funding and perhaps create considerable wealth for the Richards family in the process. Include at least two sources to justify your assignment. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.

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FIN 419 Week 1 Individual Finance lab

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This Tutorial contains excel sheet P 11–1 Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $3683 from Wendy, who will charge him 7% on the loan. He will also borrow $3165 from Bebe, who will charge him 9% on the loan, and $2152 from Shelly, who will charge him 15% on the loan. What is the weighted average cost of capital for Eric? P11–2 Question : Grey’s pharmaceuticals has a new project that will require funding of $13.0 million. The company has decided to pursue an all-debt scenario. Grey’s has made agreements with four lenders for the needed financing. These lenders will advance the following amounts at the interest rates shown: P11–3 Question : Cost of debt. Kenny Enterorises has just issused a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.4% with semiannual payments. What is the cost of debt for Kenny Enterprises if the bond sells at the following prices? What do you nitice about the price and the cost of debt? a. What is the cost of debt for Kenny Enterprises if the bond sells at $941.16? b. What is the cost of debt for Kenny Enterprises if the bond sells at $1,000.00? c. What is the cost of debt for Kenny Enterprises if the bond sells at $1,041.55? d. What is the cost of debt for Kenny Enterprises if the bond sells at $1,176.64? P11–7 COST of Preffered Stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value os $83 and a dividend rate of 10.4%. the stock for $59.45 in the market. What is the cost of preferred stock for Kyle? P 11–9 Stan is expanding his business and will sell common stock for the needed funds. If the current risk-free rate is 4.3% and the expected market rate is 10.8%, what is the cost of equity for Stan if the beta of the stock is a) What is the cost of equity for Stan if the beta of the stock is 0.62? b) What is the cost of equity for Stan if the beta of the stock is 0.86? c) What is the cost of equity for Stan if the beta of the stock is 1.09? d) What is the cost of equity for Stan if the beta of the stock is 1.35

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What are the three key inputs to the valuation model?

How would you determine the valuation of an asset?

How would the intrinsic value of assets differ from the market value? Explain.

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What is a loan amortization schedule?

How would you use it determine your loan interest rate?

What factors would impact your choice between two loans?

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What is the difference between present values and future values?

How would you use present and future value techniques in preparing a financial plan for retirement?

How would various required rates of return affect your decision? Explain.

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How would the intrinsic value of assets differ from the market value? Explain.

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FIN 419 Week 2 Individual My FinanceLab (NEW)

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This Tutorial comes with a excel sheet P3–1 Future Value. Fill in the future values for the following table using one of the three methods below: a. Use the future value formula, FV = PV*(1+r)n. b. Use the TVM keys from a calculor. c. Use the TVM function in a spreadsheet. P3–4 Future Value. Grand opening Bank is offering a one-time investment opportunity for its new customer. A customer opening a new checking account can buy a special saving bond for $ 400 today , Which the bank will compound at 8.5% for the next ten years. The savings bond must be held for at least five years, but can then be cashed in at end of any year starting with years five. What is the value of the bond at each cash-in date up through year ten ? What is the value of the savings bond at the end of year five ? a. What is the value of the savings bond at the end of year five ? b. What is the value of the savings bond at the end of year six? c. What is the value of the savings bond at the end of year seven? d. What is the value of the savings bond at the end of year eight? e. What is the value of the savings bond at the end of year nine? f. What is the value of the savings bond at the end of year ten? P 3– 8 a. Use the

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FIN 419 Week 2 Team Assignment Evaluating Financial Statements (2 Papers)

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This Tutorial contains 2 Papers Research two companies’ financial statements from one of the following industries: • Airline • Automotive • Pharmaceutical • Oil/gas • Retail • Computer Hardware Analyze table 14.8 in Financial Management: Core Concepts, Ch. 14: “Financial Ratios: Industry Averages.” Prepare the following ratios for the two sets of financial statements in Microsoft® Excel®: • Price to Earnings • Gross Margin • Profit Margin • Current Ratio • Debt to Equity • Return on Assets • Return on Equity Compare your completed ratios to the industry average chart. Evaluate in 175 words which company, of the two you have researched, is doing better. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.

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FIN 419 Week 2 Team Problem Set

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Complete the following problem sets in Financial Management using Microsoft® Excel®: • Chapter 2: 1, 2, 3, 4 • Chapter 5: 1, 3, 5, 7 • Chapter 5: Advanced Problems 1a and 1b • Chapter 14: 9, 10, 11, 12 Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. Chapter 2: Problem 1 1. Balance sheet. From the following balance sheet accounts, a. construct a balance sheet for 2013 and 2014. b. list all the working capital accounts. c. find the net working capital for the years ending 2013 and 2014. d. calculate the change in net working capital for the year 2014. Chapter 2: Problem 2 2. Income statement. From the following income statement accounts, a. produce the income statement for the year b. produce the operating cash flow for the year Chapter 2: Problem 3 3. Balance sheet. From the following balance sheet accounts, a. construct a balance sheet for 2013 and 2014 b. list all the working capital accounts c. find the net working capital for the years ending 2013 and 2014 d. calculate the change in net working capital for the year 2014 Chapter 2: Problem 4 4. Income statement. From the following income statement accounts, a. produce the income statement for the year Chapter 5: Problem 3 3. EAR. What is the EAR of a mortgage that is advertised at 7.75% (APR) over the next twenty years and paid with monthly payments? Chapter 5: Problem 5 5. Present value with periodic rates. Let’s follow up with Sam Hinds, the dentist, and his remodeling project (Chapter 4, Problem 12). The cost of the equipment for the project is $18,000, and he will finance the purchase with a 7.5% loan over six years. Originally, the loan called for annual payments. Redo the payments based on quarterly payments (four per year) and monthly payments (twelve per year). Compare the annual cash outflows of the two payments. Why does the monthly payment plan to $7,500 per month. When will they fully repay the mortgage with this increased payment if they apply all the extra dollars above the original payment to the principal? Chapter 14: Problems 9, 10, 11 & 12 listed below: 9. Financial ratios: Liquidity. Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? 10. Financial ratios: Financial leverage. Calculate the debt ratio, times interest earned ratio, and cash coverage ratio for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? 11. Financial ratios: Asset management. Calculate the inventory turnover, days’ sales in inventory, receivables turnover, days’ sales in receivables, and total asset turnover for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? 12. Financial ratios: Profitability. Calculate the profit margin, return on assets, and return on equity for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders?

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What is zero working capital? How would you define zero working capital?

When would this methodology be used?

Would this model be applicable to all organizations? Explain.

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What is an asset?

What is a liability?

What is the difference between assets and liabilities?

Can an organization operate without current liabilities? Explain

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FIN 419 Week 3 Individual Assignment Biocom, Inc. Case Study

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Read the “Mini-Case Biocom, Inc.: Part 2, Evaluating a New Product Line” from the end of Chapter 10 of Financial Management: Core Concepts. Complete questions 1–7 in Microsoft® Excel. Evaluate the following in a 350-word response: • Explain what depreciation, cash flow, operating cash flow and NPV are and how they interact with business decisions. • Explain why these financial concepts are important for you as an employee, owner, or investor. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.

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FIN 419 Week 3 Individual My FinanceLab (NEW)

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Selected Balance Sheet Accounts of Rian Company Rian Company had set a target of 16.6 days for its payment (accounts payable) cycle. What would the ending balance in the accounts payable account for 2014 have needed to be to reach this target (holding all other accounts the same)?

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What is the difference between operating and financial leverage?

What is the importance of assessing operating vs. financial leverage?

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What is investment banking?

How would the investment banker assist an organization in going public?

As a CFO, what information would you need to select an investment banker?

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What are the risks of having an excessive amount of financial leverage in an organization?

What is the degree of total leverage?

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What is EBIT-EPS analysis?

What is the indifference curve?

How is risk factored into the EBIT-EPS analysis?

What are the “basic short comings” of EBIT’s analyses?

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FIN 419 Week 4 Individual My FinanceLab (New)

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P9–7 Net present value. Quark Industries has a project with the following projected cash flows: a. Using a discount rate of 9% for this project and the NPV model, determine whether the company should accept or reject this project. b. Should the company accept or reject it using a discount rate of 17%? c. Should the company accept or reject it using a discount rate of 18%? P9–8 (similar to) Net present value. Lepton Industries has a project with the following projected cash flows: Initial cost: $470,000 Cash flow year one: $121,000 Cash flow year two: $260,000 Cash flow year three: $181,000 Cash flow year four: $121,000 a. Using a discount rate of 9% for this project and the NPV model, determine whether the company should accept or reject this project. b. Should the company accept or reject it using a discount rate of 14%? c. Should the company accept or reject it using a discount rate of 21%? P16–5 (similar to) Break-even EBIT (with and without taxes). Alpha Company is looking at two different capital structures, one an all-equity firm and the other a levered firm with $4.8 million of debt financing at 7% interest. The all-equity firm will have a value of $8 million and 400,000 shares outstanding. The levered firm will have 160,000 160,000 shares outstanding. a. Find the break-even EBIT for Alpha Company using EPS if there are no corporate taxes. b. Find the break-even EBIT for Alpha Company using EPS if the corporate tax rate is 15%. c. What do you notice about these two break-even EBITs for Alpha Company? P7–1 (similar to) Anderson Motors, Inc. has just set the company dividend policy at $0.85 per year. The company plans to be in business forever. What is the price of this stock if a. an investor wants a return of 4%? b. an investor wants a return of 7%? c. an investor wants a return of 9%? d. an investor wants a return of 16%? e. an investor wants a return of 18%? P7–2 (similar to) Dietterich Electronics wants its shareholders to earn a return of 9% on their investment in the company. At what price would the stock need to be priced today if Dietterich Electronics had a a. $0.40 constant annual dividend forever? b. $1.10 constant annual dividend forever? c. $1.60 constant annual dividend forever? d. $2.90 constant annual dividend forever?%

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FIN 419 Week 4 Team Assignment Problem Set (New)

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Ch 10 Advanced Problem 2 Chapter 13 Problem 18 Chapter 12 Problem 17 Ch 11 Advanced problem 1 ADVANCED PROBLEMS FOR SPREADSHEET APPLICATION These problems are available in MyFinanceLab. 1. Erosion costs. Ice Cream City plans to introduce a new flavor, wild berry, to its current set of five flavors, which include vanilla, French vanilla, strawberry, chocolate, and mint chocolate. The new sales of wild berry are projected as follows: The expected sales will come from both new customers and current customers who switch flavors. The current projected sales for the existing flavors (assuming no introduction of the new flavor) are Projected Sales However, if the company introduces wild berry, it will cut into the sales of the original flavors based on the following estimates: Percentage of Sales Erosion Here are the revenue and cost per unit of ice cream for Ice Cream City: Vanilla: current revenue of $3.05 per unit and cost of $1.22 per unit French vanilla: current revenue of $3.15 per unit and cost of $1.38 per unit Strawberry: current revenue of $3.25 per unit and cost of $1.41 per unit Chocolate: current revenue of $3.25 per unit and cost of $1.57 per unit Mint chocolate: current revenue of $3.25 per unit and cost of $1.63 per unit Wild berry: projected revenue of $3.25 per unit and cost of $1.44 per unit Find the annual erosion of revenue, the cost savings, and the net cash flow with the new ice cream. Ch 11 Advanced problem 1 Changing WACC and optimal choice. Austin Enterprises is currently an all-equity firm. The firm is considering selling debt (bonds) and retiring some of the equity. However, at each level of debt, debt becomes more expensive (cost of debt is rising), and the riskiness of the equity also rises with more and more debt. Using a spreadsheet, determine the best combination of debt and equity for Austin Enterprises if • The current beta of Austin Enterprises is 0.85. • The current market return is 12%. • The current risk-free rate is 3%. • The total equity is 20,000,000 shares at $25 per share. • Debt is sold in units of $2,000,000. • The first unit of debt has a cost of 7.5%. • The tax rate of Austin Enterprises is 40%. • For each additional unit of debt (each additional $2,000,000), the cost of debt rises by 0.85%, and the beta of Austin Enterprises rises by 0.025. Where is the WACC the lowest? Graph the results of the changing WACC Chapter 12 Problem 17 Working capital and capital budgeting. Farbuck’s Tea Shops is thinking about opening another tea shop. The incremental cash flow for the first five years is as follows: • Initial capital cost = $3,500,000 Operating cash flow for each year = $1,000,000 Recovery of capital assets after five years = $250,000 The hurdle rate for this project is 12%. If the initial cost of working capital is $500,000 for items such as teapots, teacups, saucers, and napkins, should Farbuck’s open this new shop if it will be in business for only five years? What is the most it can invest in working capital and still have a positive net present value? Chapter 13 Problem 18 Working capital and capital budgeting. Working capital investment is 25% of the anticipated first year sales for Wally’s Waffle House. The first-year sales are currently projected at $4,300,000. The incremental cash flow (not including working capital investment) is • Initial cash flow = $13,700,000 outflow Cash flow years 1 through 10 = $2,850,000 What is the internal rate of return of the ten-year project with working capital factored into the cash flow? What is the net present value at a 15% weighted average cost of capital? What is the maximum investment in working capital for an acceptable project with a 15% weighted average cost of capital?

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FIN 419 Week 4 Team Assignment Problem Sets

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In case different Questions/problems are asked by your instructor just email me Complete the following problem sets in Financial Management using Microsoft® Excel®: • Chapter 7 : 5, 15 • Chapter 9 : 10 • Chapter 11 : 12 • Chapter 16: 9, 10 Chapter 7 5. King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. Last year’s dividend was $0.40 per share. What is the price of this stock if a. an investor wants a 5% return? b. an investor wants an 8% return? c. an investor wants a 10% return? d. an investor wants a 13% return? e. an investor wants a 20% return? 15. Using Yahoo! Finance (http://finance.yahoo.com/) and ticker symbol PEP, find PepsiCo’s historical dividend payment and current price. Historical dividends are available in the historical price section. Use these payments to find the annual dividend growth rate. (If you have a quarterly pattern be sure to annualize this quarterly growth rate.) Now, find the required rate of return for this stock, assuming that the future dividend growth rate will remain the same and the company has an infinite horizon. Does this return seem reasonable for PepsiCo? Chapter 9 — Q10 10. Net present value. Lepton Industries has four potential projects, all with an initial cost of $1,500,000. The capital budget for the year will allow Lepton to accept only one of the four projects. Given the discount rates and the future cash flows of each project, determine which project Lepton should accept. ANSWER: Chapter 11 — Q12 12. Book value versus market value components. The CFO of DMI is trying to determine the company’s WACC. Brad, a promising MBA, says that the company should use book value to assign the components percentage for the WACC. Angela, a long-time employee and experienced financial analyst, says the company should use market value to assign the components. The after-tax cost of debt is at 7%, the cost of preferred stock is at 11%, and the cost of equity is at 14%. Calculate the WACC using both the book value and market value approaches with the following information. Which do you think is better? Why? Chapter 16 9. Finding the WACC. Monica is the CFO of Cooking for Friends (CFF) and uses the pecking order hypothesis (POH) philosophy when she raises capital for company projects. Currently, she can borrow up to $600,000 from her bank at a rate of 8.5%, float a bond for $1,100,000 at a rate of 9.25%, or issue additional stock for $1,300,000 at a cost of 17%. What is the WACC for CFF if Monica chooses to invest: a. $1,000,000 in new projects? b. $2,000,000 in new projects? c. $3,000,000 in new projects? 10. Finding the WACC. Chandler has been hired by Cooking for Friends to raise capital for the company. Chandler increases the funding available from the bank to $900,000, but with a new rate of 8.75%. Using the data in Problem 9, determine what the new weighted average cost of capital is for borrowing $1,000,000, $2,000,000, or $3,000,000

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What is the SEC?

How does it impact financial decision-making?

What constraints might it put on a company?

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What would you consider to be a global equivalent(s) to the SEC within the USA?

Are there individual reporting requirements comparable? Explain?

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What is a multinational corporation?

What are some of the constraints facing today’s multinational corporations?

Predict how joint ventures and international mergers might address some of those constraints.

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What would be the constraints specifically dealing with different currencies and market rate fluctuations?

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FIN 419 Week 5 Individual Assignment ICS Manufacturing Company Case Study

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ICS Manufacturing Company Case Study ICS Manufacturing Company produces plastic parts for the automotive industry. Here is their Income Statement for 2015 — ICS Manufacturing Company Income Statement for 2015 Sales Revenue $35,500,000 Cost of Goods Sold 12,725,000 Selling, General & Admin Exp 11,200,000 Depreciation Expense 3,200,000 EBIT 8,375,000 Interest Expense 350,000 Taxable Income 8,025,000 Taxes 3,210,000 Net term debt will increase to $2,000,000 to help finance the plant expansion and add $1,137,150 to other LT debt.. You will now have balance sheets for 2015 and 2016 for ICS Manufacturing. Using the 2015 and 2016 financials for ICS, complete the following — show calculations and/or numbers you used to derive your answer: 3. Phoenix Library and then locating Library Resources. Click on Alphabetical List of Resources and find Dunn and Bradstreet. Click on the link and search for your selected company. ISC is a manufacturing company of plastic parts for the automotive industry — try and select a company closest to our company. Please use 3089 Plastic Products and NAICS of 326199 for manufacturing using 2014 data and the lower amount. Only provide the Quick and Current Ratios from 2015/2016 from problem 7 and add the ratios from Dun & Bradstreet to compare and briefly suggest what direction ICS should head into with the comparison. 9. ICS plans to expand their operations as stated in Problem 5 — and are considering taking the loan — however, they have a few investors that are interested in lending money for this venture. They need a total of $775,000, and if they lend the money today, ICS will repay it, with interest, at the end of the year. Company A agrees to lend $300,000 and they require 5% interest, Company B will lend $200,000 at 6% interest, and Company C will loan the balance but they won’t settle for less than 10% interest. What is the weighted average cost of this capital (WACC)? 10. In 250–350 words, explain what cash flow is and why cash is so important to a business. Include in your analysis the cash that ICS maintains on hand and whether it is sufficient or not.

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FIN 419 Week 5 Individual My FinanceLab (with Excel File)

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With Excel File (This Tutorial contains excel file to solve question for any values) P18–1 Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the United States for a Coke is $0.990.99, but the countries have the following prices: Canada: C$1.54 Japan: ¥155 England: £0.46 European Union: euro€0.89 What is the implied exchange rate for U.S. dollars and these four currencies? P18–3 You are taking a trip to six European countries. It is a ten-day trip, and you are taking $ 3900 The current direct conversion rate is $1.1723 for euros. While in Europe, you spend euro€3 161.323 You convert your remaining euros back to U.S. dollars upon your return. If the exchange rates remained the same over your trip, how much do you have left in U.S. dollars? P18–4 Currency exchange rates. On the day you arrive in England, the exchange rate for U.S. dollars and British pounds is $1:pound 0.53 You have $3900, which you convert to pounds. While you remain in England for the next two weeks, the exchange rate falls to $1:£0.490 As you leave England, you convert the £126 you have left to dollars. How much did you spend in England in U.S. dollars? Did the movement in the exchange rate help or hurt you?

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